The yearly fee for tuition and residence was raised from $350 to $400, where it would remain until 1905. Towards the end of his life, on June 10, 1868, the Founder wrote to President Raymond: "My maxim or motto is now the same as at the beginning of our enterprise - Do all things Intelecturall and Materialthe best, and make your prices accordingly... .I go for the best means, cost what they may, & corresponding prices for tuition in return…." Elizabeth Hazelton Haight, ed., Autobiography and Letters of Matthew Vassar